No deadline on circulation of old Naira notes says CBN - ITREALMS

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The Central Bank of Nigeria (CBN) has declared that there is no deadline set on the circulation of old Naira notes in the country, reports ITREALMS.

A press statement from CBN, endorsed by the Acting Director, Corporate Communications, Sidi Ali, Hakama (Mrs.) informed ITREALMS that their attention has been drawn to discussions at different fora which suggested that the old series of the N200, N500, and N1,000 banknotes shall cease to be legal tender on December 31, 2024.

Confirmed! Nigerian banks must open @weekends, says CBN, evacuates notes to ease circulation - ITREALMS

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As part of a coordinated effort to ease the circulation of banknotes of various denominations, the Central Bank of Nigeria (CBN) has confirmed the evacuation of banknotes from its vaults to commercial banks across the country, reports ITREALMS.

The CBN has also directed all commercial banks to open for operation on Saturdays and Sundays.

Council of State to CBN: Print more notes, allow old note circulation - ITREALMS

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The first meeting of the National Council of State ended on Friday at the Federal Capital Territory (FCT) with a directive to the Central Bank of Nigeria (CBN) to print more new naira notes and make same available to Nigerians to alleviate the current currency scarcity in the country, reports ITREALMS.

Also, CBN was advised to allow the circulation of the old naira notes to continue.

Beware! Naira Mastercard goes out of circulation - ITREALMS

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The First Bank Nigeria Plc has alerted Nigerian customers that their Naira Mastercard would no longer be used to access dollarised account, effective September 30, reports ITREALMS.

Information available to ITREALMS indicated that due to current market realities on foreign exchange, was why the bank is discontinuing the services of its other cards.

Jonathan cries out! Fake online copy of ‘My Transition Hours’ in circulation - ITREALMS

ITREALMS:

Barely a few hours after the public unveiling of his book ‘My Transition Hours’, the former President, Dr. Goodluck Ebele Jonathan, has cried out that fake copy of the book has emerged and circulating online, reports ITREALMS.

His Media Adviser, Ikechukwu Eze in a press statement available to ITREALMS, quoted Jonathan as advising members of the public to beware of fake online copy of the book.

Eze also said that as at Thursday, November 22, the fake online copy has been in circulation and has been identified as not the same as the launched hard copy.

“We have just been informed that a fake document contrived by mischief makers and being passed on as the e-version of the just-launched ‘My Transition Hours’, a book by Dr Goodluck Jonathan, is now circulating online.

“We advise the general public to ignore such publication as the chapters and contents are not the same as the book publicly presented two days ago in Abuja by the former President.

“We note that the e-copy of ‘My Transition Hours’ is not being marketed, as such, the fake online version could only have been created by those out to deceive the unsuspecting public,” he said.

ITREALMS recalls that the book was authored by the former president as his memoir during his last moments to concede power to President Muhammadu Buhari, in which he congratulated him on the victory even when collation of results were still ongoing of the 2015 presidential election.

Uboshe Uboshe/GEE

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